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Team Leader: Interest Rate Derivative Flow Trade Support - Associate
Finance & Investment Industry Company
London, , United Kingdom
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Company Profile
Company is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Company can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realise the full potential of IT and
e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.
Team Profile
The role is for a Team Leader within the Interest Rate Derivative (IRD) Flow & MarkitWire Trade Support Group (TSG)which currently consists of 10 members who are responsible for all interest rate derivatives traded across EMEA. The product range covers IRS, OIS, FRA, X-Ccy, ZCS, TRS and VNS. The wider Trade Support Group, in which the IRD Flow TSG sits, has a mix of experience and is a fantastic area for someone to be exposed to a very steep learning curve and gives all individuals the opportunity to develop a meaningful career within Operations.
Primary Responsibilities
• As the Team Leader of the IRD Flow TSG you will be working closely with the Front Office to provide the first level of control for the Interest Rate Derivative Trading desks, whilst managing a team of 4.
• You will be responsible for offering the first line of defence for the Trading desk's franchise risk and risk in ensuring that the trade bookings are correctly reflected in both Front and Back Office systems and tie out with the Counterparty.
• You will be ensuring that all trades are booked and confirmed as intended by checking the Trading system verses internal Company systems and versus MarkitWire, liaising with Trading, Sales, Brokers or the Counterparty directly.
• You will act as guardian for the Bank and you will monitor the integrity of the Firm's risk by ensuring that all trades are confirmed ASAP.
• You will be the intermediary between the Trading desk and other areas of the Bank. Controllers, Collateral, Settlements and Confirmations areas will come to you to discuss and resolve issues to ensure that breaks are resolved effectively.
• You will be responsible for ensuring current controls are enforced, liaising with IT and Projects Groups to initiate new controls and build STP to improve the Firm's infrastructure to increase both efficiency and control as you see fit to protect our franchise.
• You will be required to handle both internal and external driven trade compression events
Qualifications:
Skills required
• Degree or equivalent educated
• Strong interest rate derivative product knowledge gained in a similar role is essential
• Proven experience as a Team Leader
• Knowledge of MarkitWire
• You will need diplomacy and accuracy in dealing with Traders, Brokers, Sales people and focus clients.
• The pace of the desk demands that you complete each task quickly and accurately. You will be protecting our franchise and dealing with millions of dollars at risk. The ability to organize your time and complete each task on time will be a key factor in determining your suitability for the role.
• A high degree of accuracy and a willingness to learn new products is essential. This role is constantly changing and a willingness to adapt to new firm and industry initiatives and put forward your own ideas is of paramount importance.
• You will operate Trend, STix, STS, Tripod, TriClear and any future internal systems. On the job training will be given to allow you to operate these in-house applications.
• Daily deadlines are inflexible and the candidate should be organised to ensure the team meet all deadlines. The role requires the sharing and discussing of knowledge and information between the Trading, Sales, Settlements and Confirmations groups.
• You will be in constant communication with the front office, clients and many departments within the Bank. You should be accurate, knowledgeable and professional in all dealings with whomever you may meet.
• You will work closely with your peers and you will need to share knowledge and act as a team player to get the most out of this role.
Salary is Competitive
Closing date is 26 September 2014
Company is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.